Скачать или смотреть IMPRINT Explained-What in the FRBM Act? Why has Kerela sought a relaxation of FRBM rules

Hello Everyone
Kerela has sought a relaxation of FRBM rules from the Union Government in the light of the COVID19 Pandemic. In this video, we talk about the reasons for doing. Further, we discuss the FRBM act in detail and NK Singh Review Committee Recommendations on the FRBM act.
After watching this video, you should be able to solve this question from the Prelims 2018
Question: Consider the following statements:
1. The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has recommended a debt to GDP ratio of 60% for the general (combined) government by 2023, comprising 40% for the Central Government and 20% for the State Government.
2. The Central Government has domestic liabilities of 21% of GDP as compared to that of 49% of GDP of the State Government.
3. As per the Constitution of India, it is mandatory for a State to take the Central Government’s consent for raising any loan if the former owes any outstanding liabilities to the letter.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3

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Team IMPRINT
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